Maxar Technologies Inc (MAXR) Stock Fundamental Analysis
NYSE:MAXR - New York Stock Exchange, Inc. - US57778K1051 - Common Stock - Currency: USD
Overall MAXR gets a fundamental rating of 3 out of 10. We evaluated MAXR against 64 industry peers in the Aerospace & Defense industry. There are concerns on the financial health of MAXR while its profitability can be described as average. MAXR is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year MAXR has reported negative net income.
MAXR had a positive operating cash flow in the past year.
In multiple years MAXR reported negative net income over the last 5 years.
MAXR had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The profitability ratios for MAXR are negative, so there is not much use analyzing them.
MAXR has a Return On Invested Capital (0.22%) which is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for MAXR is below the industry average of 7.94%.
The 3 year average ROIC (4.51%) for MAXR is well above the current ROIC(0.22%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | N/A | ||
| ROE | N/A | ||
| ROIC | 0.22% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)4.51%
ROIC(5y)N/A
1.3 Margins
Looking at the Operating Margin, with a value of 0.69%, MAXR is in line with its industry, outperforming 40.91% of the companies in the same industry.
With an excellent Gross Margin value of 42.43%, MAXR belongs to the best of the industry, outperforming 84.85% of the companies in the same industry.
In the last couple of years the Gross Margin of MAXR has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 0.69% | ||
| PM (TTM) | N/A | ||
| GM | 42.43% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.76%
GM growth 5Y9.88%
2. Health
2.1 Basic Checks
MAXR has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
MAXR has more shares outstanding than it did 1 year ago.
The debt/assets ratio for MAXR is higher compared to a year ago.
2.2 Solvency
MAXR has an Altman-Z score of 0.78. This is a bad value and indicates that MAXR is not financially healthy and even has some risk of bankruptcy.
MAXR has a Altman-Z score of 0.78. This is in the lower half of the industry: MAXR underperforms 71.21% of its industry peers.
MAXR has a debt to FCF ratio of 366.50. This is a negative value and a sign of low solvency as MAXR would need 366.50 years to pay back of all of its debts.
With a Debt to FCF ratio value of 366.50, MAXR perfoms like the industry average, outperforming 56.06% of the companies in the same industry.
MAXR has a Debt/Equity ratio of 1.57. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 1.57, MAXR is not doing good in the industry: 77.27% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.57 | ||
| Debt/FCF | 366.5 | ||
| Altman-Z | 0.78 |
ROIC/WACC0.03
WACC8.26%
2.3 Liquidity
A Current Ratio of 0.83 indicates that MAXR may have some problems paying its short term obligations.
MAXR has a Current ratio of 0.83. This is amonst the worse of the industry: MAXR underperforms 89.39% of its industry peers.
MAXR has a Quick Ratio of 0.83. This is a bad value and indicates that MAXR is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of MAXR (0.76) is worse than 83.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.83 | ||
| Quick Ratio | 0.76 |
3. Growth
3.1 Past
MAXR shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -235.33%.
Looking at the last year, MAXR shows a decrease in Revenue. The Revenue has decreased by -9.32% in the last year.
MAXR shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.01% yearly.
EPS 1Y (TTM)-235.33%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-256.38%
Revenue 1Y (TTM)-9.32%
Revenue growth 3Y-1.24%
Revenue growth 5Y5.01%
Sales Q2Q%-30.34%
3.2 Future
MAXR is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 53.80% yearly.
MAXR is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.24% yearly.
EPS Next Y171.25%
EPS Next 2Y72.57%
EPS Next 3Y53.8%
EPS Next 5YN/A
Revenue Next Year9.29%
Revenue Next 2Y7.77%
Revenue Next 3Y9.24%
Revenue Next 5YN/A
3.3 Evolution
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
MAXR reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
With a Price/Forward Earnings ratio of 36.64, MAXR can be considered very expensive at the moment.
MAXR's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.94, MAXR is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 36.64 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MAXR is on the same level as its industry peers.
The rest of the industry has a similar Price/Free Cash Flow ratio as MAXR.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 641.73 | ||
| EV/EBITDA | 23.99 |
4.3 Compensation for Growth
MAXR's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as MAXR's earnings are expected to grow with 53.80% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y72.57%
EPS Next 3Y53.8%
5. Dividend
5.1 Amount
MAXR has a yearly dividend return of 0.08%, which is pretty low.
Compared to an average industry Dividend Yield of 1.34, MAXR pays a bit more dividend than its industry peers.
With a Dividend Yield of 0.08, MAXR pays less dividend than the S&P500 average, which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.08% |
5.2 History
The dividend of MAXR decreases each year by -44.46%.
MAXR has been paying a dividend for over 5 years, so it has already some track record.
MAXR has decreased its dividend in the last 3 years.
Dividend Growth(5Y)-44.46%
Div Incr Years0
Div Non Decr Years2
5.3 Sustainability
DP0%
EPS Next 2Y72.57%
EPS Next 3Y53.8%
52.99
+0.01 (+0.02%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)
Earnings (Next)
Inst Owners0%
Inst Owner Change0%
Ins Owners0.57%
Ins Owner Change0%
Market Cap3.85B
Analysts48.89
Price Target45.39 (-14.34%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.08% |
Yearly Dividend0.06
Dividend Growth(5Y)-44.46%
DP0%
Div Incr Years0
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-1331.99%
Min EPS beat(2)-2547.23%
Max EPS beat(2)-116.75%
EPS beat(4)0
Avg EPS beat(4)-785%
Min EPS beat(4)-2547.23%
Max EPS beat(4)-78.25%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-17.42%
Min Revenue beat(2)-28.5%
Max Revenue beat(2)-6.34%
Revenue beat(4)0
Avg Revenue beat(4)-11.32%
Min Revenue beat(4)-28.5%
Max Revenue beat(4)-4.77%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)-24.03%
EPS NQ rev (3m)37.64%
EPS NY rev (1m)-12.07%
EPS NY rev (3m)-10.2%
Revenue NQ rev (1m)-0.04%
Revenue NQ rev (3m)0.18%
Revenue NY rev (1m)-2.18%
Revenue NY rev (3m)-1.78%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 36.64 | ||
| P/S | 2.4 | ||
| P/FCF | 641.73 | ||
| P/OCF | 11.85 | ||
| P/B | 2.78 | ||
| P/tB | N/A | ||
| EV/EBITDA | 23.99 |
EPS(TTM)-2.03
EYN/A
EPS(NY)1.45
Fwd EY2.73%
FCF(TTM)0.08
FCFY0.16%
OCF(TTM)4.47
OCFY8.44%
SpS22.09
BVpS19.09
TBVpS-13.49
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | N/A | ||
| ROE | N/A | ||
| ROCE | N/A | ||
| ROIC | 0.22% | ||
| ROICexc | 0.23% | ||
| ROICexgc | 0.6% | ||
| OM | 0.69% | ||
| PM (TTM) | N/A | ||
| GM | 42.43% | ||
| FCFM | N/A |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)4.51%
ROIC(5y)N/A
ROICexc(3y)1.63%
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.76%
GM growth 5Y9.88%
F-Score2
Asset Turnover0.35
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.57 | ||
| Debt/FCF | 366.5 | ||
| Debt/EBITDA | 8.8 | ||
| Cap/Depr | 133.47% | ||
| Cap/Sales | N/A | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.83 | ||
| Quick Ratio | 0.76 | ||
| Altman-Z | 0.78 |
F-Score2
WACC8.26%
ROIC/WACC0.03
Cap/Depr(3y)100.89%
Cap/Depr(5y)86.62%
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-235.33%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-256.38%
EPS Next Y171.25%
EPS Next 2Y72.57%
EPS Next 3Y53.8%
EPS Next 5YN/A
Revenue 1Y (TTM)-9.32%
Revenue growth 3Y-1.24%
Revenue growth 5Y5.01%
Sales Q2Q%-30.34%
Revenue Next Year9.29%
Revenue Next 2Y7.77%
Revenue Next 3Y9.24%
Revenue Next 5YN/A
EBIT growth 1Y-93.75%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year286.5%
EBIT Next 3Y63.59%
EBIT Next 5YN/A
FCF growth 1Y-87.23%
FCF growth 3Y25.99%
FCF growth 5Y-33.46%
OCF growth 1Y15.66%
OCF growth 3Y0.83%
OCF growth 5Y25.35%